Unitree IPO draws 8.1 trillion yuan in retail orders — 5,526 times oversubscribed

Unitree Robotics' Shanghai STAR Market IPO retail tranche was subscribed 5,526 times, with 9.8 million retail orders totaling about 8.1 trillion yuan in notional demand, Bloomberg reported. In China's A-share IPO process, allocation is pro-rated when oversubscribed, so most of that sum will never change hands. Unitree priced at 150.8 yuan per share, valuing the humanoid robot maker at roughly 61 billion yuan.